International organization participation: ESCAP (associate), Intelsat (nonsignatory user), Sparteca, SPC, SPF, UNESCO, WHO
Diplomatic representation in the US: none (self-governing territory in free association with New Zealand)
Diplomatic representation from the US: none (self-governing territory in free association with New Zealand)
Flag description: yellow with the flag of the UK in the upper hoist-side quadrant; the flag of the UK bears five yellow five-pointed stars-a large one on a blue disk in the center and a smaller one on each arm of the bold red cross
@Niue:Economy
Economy-overview: The economy is heavily dependent on aid from New Zealand and remittances as Niue has no indigenous export product. Government expenditures regularly exceed revenues, with the shortfall made up by grants from New Zealand; the grants are used to pay wages to public employees. Niue cut government expenditures in 1994-96 by reducing the public service by almost half. The agricultural sector consists mainly of subsistence gardening, although some cash crops are grown for export. Industry consists primarily of small factories to process passion fruit, lime oil, honey, and coconut cream. The sale of postage stamps to foreign collectors is an important source of revenue. The island in recent years has suffered a serious loss of population because of migration of Niueans to New Zealand. A small tourist industry is developing.
GDP: purchasing power parity-$2.4 million (1993 est.)
GDP-real growth rate: NA%
GDP-per capita: purchasing power parity-$1,200 (1993 est.)
GDP-composition by sector: agriculture: NA% industry: NA% services: NA%